Rebel Capitalist
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Get your tickets for Rebel Capitalist Live!! Speakers include Peter Schiff, Mike Maloney, Lyn Alden and many more. https://rebelcapitalistlive.com
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Been dying
Jesus George. Love the content first of all. But just at the number of tabs open.
BRICS 🤡💩🤣
BRICS already told the world if you join the BRICS system you can default on your US dollar obligations without taking a hit to your credit-score…what then when countries that have dollar debt all bails?…🤔
Get a clue! This started back in 2014! And crickets, today surprised crickets.
I find it hard to believe that these numbers tell the whole story. Remember that the BIS/IMF/etc are all on team USD, and the DYX also mostly contrasts with other currencies also linked to “the West”. So both of these will put a positive spin on the dollar’s performance/dominance.
Smart!
BRICS time to rule the weak woke west
But what if the brick countries use their excess dollars to buy silver or gold on the Comex exchange, & take delivery? That's what I would do.
But George, USA is such a import dependent country. What if BRICS locks up most of the Commodities producing countries to accept BRICS money only. Then US will have to ship out dollars for $BRICS commodities and Chinese goods and BRICS uses THAT to pay off all the dollar debt.
BRICKS will be back by Gold . Hence why Russia is starting there own LME type exchange , and why all these BRICKS countries are buying up all the gold . even the 3rd world countries joining BRICKS are .
BRICS made up of undemocratic countries and very corrupt Countries. They don’t pose a threat to the US, UK, Germany, Canada, Australia etc, as well as the USD.
Not hyperinflation but it sure doesn’t buy shit these days.
Well I don’t know, But when you dump the SPR, Unload FX reserves and Trash your own local currency with qe.What should you reasonably expect?
What is important behind currency is the industrial park in country issuing tha currency. America is in the right track doing repatriation of high tech industry. Another point is to have a strong military.
What is going to break the back of the Bank of Japan? They hold a Trillion in US Dollars so what will cause them to sell their dollars back to the Federal reserve to stem their failures at home?
you are wrong. u.s. has negative trade balance, the usd economy is still afloat because the main export we have is usd. if we cant export usd then the trade deficit will become a real deficit and that will bring the hyperinflation and you forget the massive internal debt the budget deficit and it makes about 20 trillions per year , compare to the 60 trillion we still able to inflate to the world that is catastrophic it means 30% inflation as minimum
While countries like China …. and every other country besides Russia, Syria , Libya Cuba and a couple of others 🤔….. all have Rothschild / Crown central banks the system will always stink…
The dallor will still be around just not as powerful
I'm glad you think you were clear. I am still in the woods on this. You did not make it clearer one bit.
Why should Japan or others have to have a liability on their books if they BOUGHT 1 trillion of US DOllars for transactions they need to make for Oil and gas? There is no need for a liability on Japans Books for BUying with their money or assets they had to exchange for US Dollars.
George, love the video but also, if I have gold, I can exchange it for whatever currency I want.
great to see…. everyone else has to work while the US just prints paper. It has to end.
Now George, you are sounding more and more like those pushing Modern Monetary Theory is actually OK.
Think about what inflation rate will be when reparation payments are made to all Black people in the USA.
Your example assumes everyone has liabilities. What if you have no debt and use your dollars to buy assets?
Talks of dollar demise gurus full tilt. All in
I don't understand this concept of dollars being created by debt ? What if one person puts money in the bank and the other person borrows it out ? How are the dollars created on that senerio ?
So let me get this straight: you want to go from a currency that's opaque, heavily manipulated, and owned by a country that weaponizes it against others who disagree with them to a currency that's even more opaque, even more heavily manipulated, and owned by a handful of authoritarian countries that will likely weaponize it against anyone who disagrees with them?
That's contrary to what mike maloney showed in his HSOM videos. USD coming back home would increase inflation.
very good thanks
A point you are missing George, debt doesn't run the world and it creates nothing, energy drives the world, as energy becomes more and more priced outside of the dollar, well that's when people will stop using dollars.
If you consume cointelegraph, you’re doom
What if those countries that owed in US$, just default. And refused to use it anymore?
Good America is a sinning nation spreading mental disorder and Babylonian worship and pedophilia sexual deviance transgenderism legalized deformity of children abortion and the list goes on. America and the west must be stopped or nothing will be left alive on this earth. I live here in America and know that my country is destroying humanity.
This is when George get it wrong. He is viewing from the perspective of US economy only. Understand that CURRENTLY, international trade DEMANDS USD as currency for payment. When OTHER currencies are allowed or used for payment, the DEMAND for USD drop hence the value of USD drops in respect of other currencies.
For example, China and Malaysia would settle their trade in their own currencies. USD is out of the equation. ASEAN and China already have currencies swaps for this purpose.
So whatever BALANCE SHEET issue George is talking about will be settled off with their USD income as other nations transition to their own currencies for international trade. This will take some time due to the size of "$60 Trillion" of USD denominated trade/debt but it will get there eventually. USD will remain dominant at the moment and may experience a spike in "value" while other nations are scrambling for USD to pay off their debt but it will plunge thereafter.
And US Treasury will experience increase interest rate since other nations may not require to hold Treasuries as their "savings".
I disagree. The BRICS are considering this so that they can trade commodities and services without using the dollar at all. Then, the dollar will float freely against this other new currency. Presumably, the petro-dollar will be broken too, with, say, half of the trade in oil being done in the new BRICS "bucks." What then, is the value of a barrel of oil in BRICS bucks vs. dollars? The world price of oil would no longer be a single number. It would be priced in dollars for the U.S., sure, but also priced in BRICS Bucks for BRICS (extended) countries, and oil producers could decide which countries to sell it to, taking in either BRICS Bucks or dollars, depending on which is more valuable in the open currency exchange market. The U.S. might try to enforce its hegemony through aggression such as it is doing now, or has done in the past with Iraq (under Saddam Hussein), Libya (gold dinar under Qaddafi), but this is wearing pretty thin. Plus, we are using Taiwan chips and importing other defense products, including raw materials, and those countries could just decide to cut us out and sell those things among themselves instead. Then, you'd have international inflation to buy these imports, driving down the value of the dollar here at home too; domestic and foreign dollars are not as isolated as you make out.
Do foreigners really want to buy so much Florida Real Estate? Maybe not, if the value of the dollar goes down when it's not the reserve currency anymore.
As this controlled orchestrated premeditated manufactured demolition crisis continues it is apart of The New Normal 2 Build Back Better in2 The New Green Deal towards The Great Reset as The Financial Climat Change engulfs society in2 Financial Serfdom they will continue 2 consolidate wealth and power in2 the hands of the F.E.W.🤑👉A man with a gun can rob a bank. A man that owns a bank can rob the W🌎RLD"
What about France? They bought a huge amount of LNG from Saudi Arabia this week with yuan, using a chinese exchange
thanks
I learnt today!!
Biden, (Obama’s puppet) and the leftists have led us down a slippery slop. I hope all the 81 million “voters” are happy with their government.